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Limited housing supply in Vancouver and Toronto will help buoy house price inflation

From the Financial Post:

"Limited housing supply in the key Canadian markets of Vancouver and Toronto will help maintain national house price inflation this year, even as recent government and regulatory curbs kick in to slow the growth rate, according to Oxford Economics.

The global advisory firm, based in Oxford, England, predicts that national house price inflation will slow to around six per cent in 2017 from 10 per cent last year.

'Our forecast is based on a gradual deceleration in speculative and foreign buying activity alongside continued support to prices from non-speculative demand and ongoing supply constraints,' the economic forecaster said in a report published this week."